TaxVox

Ways & Means Bill Would Cut Middle-Income Taxes Modestly in 2018, Even Less in 2027

November 8, 2017 –

Despite President Trump’s repeated promise that an upcoming tax cut would be the biggest in US history, the proposal now being considered by the House...

Campaigns, Proposals, and Reforms

Retracting And Correcting Estimates

November 8, 2017 –

TPC staff found an error in the preliminary distributional tables and analysis of the Tax Cuts and Jobs Act (TCJA) that we released on November 6, 2017.

The 25-Percent Rate for Pass-Through Businesses Helps Rich Investors, Not “Small” Businesses

November 8, 2017 –

House Ways & Means Committee Chairman Kevin Brady’s recently-introduced tax plan promises to cap the income tax rate for income generated by pass-through businesses at...

Who Would Benefit If Congress Keeps the Property Tax Deduction

November 6, 2017 –

The Tax Cut and Jobs Act (TCJA), which the House Ways & Means Committee will consider this week, would generally disallow the state and local...

Gutting the Mortgage Interest Deduction

November 6, 2017 –

The new bill introduced by the House Ways and Means Committee would significantly downsize the mortgage interest deduction. Although this is sure to cause controversy,...

Everyone Should Cheer the End of Tax-Exempt Bonds for Sports Stadiums

November 6, 2017 –

The tax bill that House Ways and Means Chairman Brady rolled out on Thursday will generate lots of partisan and ideological fights over the next...

Nine Things to Know about the House GOP Tax Plan

November 3, 2017 –

The House Ways and Means committee released its long-anticipated tax proposal yesterday, the Tax Cut and Jobs Act (TCJA). The plan offers a sweeping set...